• Bill Ackman's long-awaited SPAC deal for 10% of Universal Music reportedly faces pushback

    3 days ago - By Business Insider

    Bryan Bedder/Getty Images/The New York Times
    Bill Ackman's SPAC deal to buy 10% of Universal Music Group is reportedly facing pushback.
    The resistance, according to Bloomberg, is coming from Artisan Partners, a large shareholder of Vivendi, which Ackman's SPAC is buying the stake from.
    "Selling off pieces of UMG to other investors in return for cash is a sub-optimal capital allocation decision," Artisan said.
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    Bill Ackman's eagerly anticipated SPAC deal to buy 10% of Universal Music Group is reportedly facing...
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